SEC Form 4 · accession 0001410384-17-000038
Q2 Holdings, Inc. · QTWO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Furrer
Officer — Chief Strategy Officer
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 9:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410384
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 15, 2017 | M | 3,334 | $7.48 | A | 56,146 | D | |
| Common Stock | Mar 15, 2017 | M | 4,687 | $8.35 | A | 60,833 | D | |
| Common StockF1 | Mar 15, 2017 | S | 9,219 | $35.21 | D | 51,614 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $7.48 | Mar 15, 2017 | M | 3,334 | D | Feb 1, 2014 | May 8, 2020 | Common Stock | 3,334 | 1,666 | D |
| Stock Option (right to buy)F3 | $8.35 | Mar 15, 2017 | M | 4,687 | D | Jan 24, 2016 | Jan 24, 2021 | Common Stock | 4,687 | 35,157 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.90 to $35.40 inclusive. Reporting Person undertakes to provide to Q2 Holdings, Inc., any security holder of Q2 Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2This option grant vested as to 1/4 of the total option grant on February 1, 2014, and thereafter as to 1/48 of the total option grant monthly. The option grant becomes exercisable as it vests.
- F3This option grant vested as to 1/4 of the total option grant on January 24, 2016, and thereafter as to 1/32 of the total option grant monthly. The option grant becomes exercisable as it vests.